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Director, Model Validation (Market Risk)
Location:
Toronto
Description:
Requisition ID: 188700 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Purpose of Job: Provides direction, leadership and oversight for initial and ongoing model validations/approvals to ensure model risk management initiatives are in compliance with regulatory requirements and internal policies/procedures. Validation responsibilities cover financial risk and non-financial risk related to the capital market: Financial risk: regulatory / internal capital / stress testing modeling/risk limit monitoring related to market risk and counterparty credit risk (CCR). Non-Financial risk: trade surveillance, e-communication system related to traders and traders’ behavior monitoring models. Job Responsibilities: • Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge. • Designs and develops a consistent model validation process financial risk and non-financial risk related to the capital market and non-financial models assigned. • Pro-actively oversees the operation of model validation process for initial approval and ongoing review, including maintenance of model inventory, model risk rating, and revalidation timeline. Identifies opportunities for efficiencies, automation, and improvements of Model Risk Management reporting. • Leads the implementation of the enhancements internally and/ or through cross functional collaboration. • Manages timely resolution of audit and regulatory issues. • Leads and/or assists regulatory requests and reviews as well as large-scale projects. • Act as a primary liaison with model sponsors with respect to model validation pipeline, issue communication, and result approval. • Engages and maintains collaborative relationships with the key stakeholders (including model developers, users, internal audit and senior management) to facilitate the validation process and resolve. Visit ListedBuy for more information.
Company:
Scotiabank
Posted:
November 25 2023 on ListedBuy
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More About this Listing: Director, Model Validation (Market Risk)
Director, Model Validation (Market Risk) is a Other Art & Media Jobs Model Job at Scotiabank located in United States. Find other listings like Director, Model Validation (Market Risk) by searching Oodle for Other Art & Media Jobs Model Jobs.
Director, Model Validation (Market Risk) is a Other Art & Media Jobs Model Job at Scotiabank located in United States. Find other listings like Director, Model Validation (Market Risk) by searching Oodle for Other Art & Media Jobs Model Jobs.